CASTLEVIEW, RIDGEGROVE LANE, LAUNCESTON, PL15 8EE - £235,000

CASTLEVIEW is a very large extended detached house of 220m², built sometime between 1983 and 1990. It was last sold for £235,000 in February 2011, which was around 15% below the average February 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2010, where the current energy rating was E, and the potential energy rating was D.

CASTLEVIEW Sold Prices

Land registry data shows three sales for CASTLEVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the three CASTLEVIEW sales was for below the average price, whilst two were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 18 FEB	£235,000	£277,951	15% below HPI
2005 17 JUN	£320,000	£258,643	24% above HPI
2002 15 NOV	£250,000	£187,019	34% above HPI

CASTLEVIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The three CASTLEVIEW sales between November 2002 and February 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2005 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the February 2011 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is CASTLEVIEW?

CASTLEVIEW is 220m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the largest 10% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where CASTLEVIEW lies on this distribution: 94% of detached houses are smaller than CASTLEVIEW, and 6% of houses are larger. Note that EPC data is not available for all properties in Launceston.

CASTLEVIEW: Plot and Title Map

CASTLEVIEW sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of CASTLEVIEW, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of CASTLEVIEW). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is CASTLEVIEW?

CASTLEVIEW is located on RIDGEGROVE LANE in LAUNCESTON, in the PL15 postcode district. The below map shows the position of CASTLEVIEW on RIDGEGROVE LANE.